23 Oct 2014
Greenback supported US indexes - FXStreet
FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet noted the conditions leading into the Asia shift.
Key Quotes:
"Solid gains amongst American indexes supported a mild advance in the greenback this Thursday that in some cases managed to extend to new week highs"
"In the US, data was far from encouraging, pretty much in line with expected of even a couple ticks below, probably the only reason why dollar demand remained limited".
“In Europe, German and EZ PMIs came out better than expected, giving the common currency a short term boost up to 1.2676 against the greenback, yet the pair reverted most of such gains during early US hours”.
Key Quotes:
"Solid gains amongst American indexes supported a mild advance in the greenback this Thursday that in some cases managed to extend to new week highs"
"In the US, data was far from encouraging, pretty much in line with expected of even a couple ticks below, probably the only reason why dollar demand remained limited".
“In Europe, German and EZ PMIs came out better than expected, giving the common currency a short term boost up to 1.2676 against the greenback, yet the pair reverted most of such gains during early US hours”.